Friday 25th April 2014, 6pm for 6.30 start at Teachers Club, 36 Parnell Sq. , Dublin. Mary Mellor is Emeritus Professor in the School of Arts and Social Sciences at Northumbria University in Newcastle. One of her primary interests is in developing radical alternative models of money, finance and economic development.
The debate surrounding the Irish budget was characterised by a false choice between ‘austerity’ or ‘growth’. In fact, neither option is viable. Instead, what is needed is a radical re-structuring of our economy to ensure that we live within ecological limits in a just manner.
There’s a good discussion by Mike Sandler on the Huffington Post of the controversy over the trillion dollar coin; it’s encouraging that the debate over money creation is becoming so mainstream in the US. “Be on the lookout for debt-free, interest-free money, coming soon to a country-needlessly-plunged-into-recession-by-austerity near you.” Some useful comments also. Read the post.
Bill Mitchell outlines in comprehensive and heart sinking detail the impossibility of recovery under the current 'austerity reich'. Hes says "Ireland will struggle while they remain in the Eurozone. The system is geared heavily against them."
By Warren Mosler and Philip Pilkington. The Eurozone has certainly seen better days. The mess is only getting messier. Leaked documents from within the Troika show the austerity programs to be an abject failure and yet European officials continue to consider them the only game in town. So, we contend that the periphery governments should have a credible exit strategy on hand and it is to this that we now turn.
by Patrick Noble. I hope to show that the bad news presented by our inevitable austerity is only bad for what can be happily lost. Laws of physics, which are about to disappoint European and American desires may simultaneously liberate us onto a lost Common. All that is best in life is encompassed by common humanity and is in no way reduced by a mere oil-deprivation.